>>520877238
Wealth is generate by resource extraction. Everything else is just the transfer or transformation of wealth. Farming, logging, mining, fishing, oil drilling, and energy generation are the backbones of building wealth. Factories are how you transform those raw materials into commodities, increasing wealth generation.
Canada has cut back on most forms of resource extraction and regulate the shit out of what little remains. They also shut down most of their factories. Their only hope of actually increasing their wealth is through tourism.
Europe has much the same issue. They don't extract or refine anything anymore, and it's why Europe is losing wealth rapidly. The only thing Europe has over Canada is tourism. Turns out France can do literally nothing and still sustain itself through tourism.